Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

PM Borissov: Who is afraid of the introduction of the euro and why?

Photo: BGNES

Adopting the euro in Bulgaria will discipline the banking system and will bring down interest rates, said Prime Minister Boyko Borissov at the 13th annual meeting between businesses and the government, dedicated to Bulgaria’s entry into the Eurozone.

The Bulgarian prime minister asked the rhetorical question: “Who is afraid of the introduction of the euro and why? Tax revenues in 2018, compared to 2014, are 50 percent higher which is an indication that the systems and transparency are working well. Our external debt this year will reach 18.6 percent and that will place us next to the countries with the lowest debt rate in the EU”, Boyko Borissov declared, and added that investments have gone up, and that they are in the real economy, while Bulgaria’s exports to Germany exceed imports.

On his part, European Commission Vice-President for the Euro and Social Dialogue Valdis Dombrovskis said at the forum that the introduction of the euro was important to small and open economies like the economy of Bulgaria which relies on export and tourism. 



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Vice-President Iliana Iotova: This National Assembly lacks legitimacy

Speaking to journalists during her visit to the town of Gotse Delchev in the Blagoevgrad region, Vice-President Iliana Iotova described the newly elected National Assembly as "illegitimate".  According to her, the reports of violations and the..

published on 11/7/24 6:34 PM

Weather forecast: Daytime highs expected to increase by 1°C-2°C

On Friday, there will be fog in the valleys. The lowest temperatures will range between minus 5°C and 0°C, for Sofia around minus 3°C. It will be sunny during the day. The maximum temperatures will range from 14°C to 19°C, for Sofia around 16°C...

published on 11/7/24 5:20 PM
Borislav Gutsanov

BSP and ITN want to give the full rights for forming caretaker cabinet back to the president

BSP and ITN will ask the Constitutional Court to give the full rights to form a caretaker cabinet back to the president, Borislav Gutsanov from BSP - United Left has told the BNR. "BSP-United Left will be the guardians of the..

published on 11/7/24 4:01 PM